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Bankruptcy

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NEWS
From staff reports | January 12, 2012
Newport Beach sports agent Leigh Steinberg, whose life story partially inspired "Jerry Maguire," has filed for bankruptcy, according to an email he sent to the Daily Pilot. Steinberg, 62, pens a weekly sports column for the Pilot. He said in his statement that media exposure that harmed his family and chased away clients led to him to seek Chapter 7 protections in federal bankruptcy court. He had been hoping to repay those who had given him loans. Steinberg used to represent a large roster of professional football and baseball players and boxers.
NEWS
By Sarah Peters, sarah.peters@latimes.com | July 1, 2011
NEWPORT BEACH — The Shore House Cafe, a 30-year-old Balboa Peninsula icon, filed for bankruptcy this month, public records show, but is still open for business. Stephen Madoni, a Newport Beach attorney representing Shore House and Chief Financial Officer David Beladonna, called the move a "reorganization," but did not offer further comment. Shore House Cafe Inc. filed for Chapter 11 bankruptcy in U.S. Court, Central District, on June 23, according to court filings reviewed by the Daily Pilot.
NEWS
September 10, 1999
Greg Risling NEWPORT BEACH -- Two disgruntled vendors and a partner owed about $1 million have filed bankruptcy on behalf of the Speedway Restaurant. The involuntary petition for Chapter 11 bankruptcy was filed in federal court in Santa Ana on Aug. 27. The petition basically asks for money to be given to the complainants by Speedway's owners. One of the owners, Richard Marcosi, has loaned his partners about $1 million over a series of months but reportedly hasn't been recompensated.
NEWS
By Amber Gonzales, dailypilot@latimes.com | April 18, 2011
When John McMonigle posted a question on his Facebook page about how people would be spending the weekend in Orange County, he mostly got responses like going to the beach or attending children's sporting events. But someone posted this reply, which was still posted on Monday morning but had been deleted by the afternoon: "Filing for bankruptcy. How about you?" McMonigle, 46, a Newport Beach real estate agent behind the sale of some of the county's most expensive properties, filed for Chapter 7 bankruptcy Friday to relieve debt from a few more than 200 creditors, according to online federal court records.
NEWS
October 18, 2001
Deepa Bharath SOUTH COAST PLAZA -- An upscale restaurant opened two years ago at the shopping center and partly owned by celebrities such as Kevin Costner, Robert Wagner and golfers Fred Couples and Jack Nicklaus filed for Chapter 11 in an Illinois bankruptcy court Oct. 4, restaurant officials said this week. A tough economy and a lull in business travel after the Sept. 11 attacks on the East Coast are partially to blame for The Clubhouse restaurant's situation, said Paul Kraft, vice president of operations.
NEWS
By Alicia Robinson | May 30, 2006
As one of two candidates for county treasurer, Chriss Street is finding he has to defend himself on charges related to his management of a corporate bankruptcy. Street is now the assistant treasurer and the chosen successor of Orange County Treasurer John Moorlach. But as Street was beginning his campaign, the current head of truck trailer manufacturer Fruehauf Trailer Corp. charged him with mismanagement of that company between 1998 and 2005. Among those raising questions about Street's legal entanglements is Patrick Desmond, 59, an auditor and appraiser in the county assessor's office who is running against Street, 55, a longtime Newport Beach resident, in the June 6 election.
NEWS
By Alicia Robinson | February 3, 2007
Orange County Treasurer Chriss Street is being sued for $7 million for alleged mismanagement of the bankruptcy of a Delaware truck trailer manufacturer, according to documents filed Friday in Delaware's federal bankruptcy court. The suit alleges that while Street managed the bankruptcy trust for Fruehauf Trailer Corp., he improperly pumped up his salary, charged personal expenses — including vacations and Botox treatments — to the trust and tried to create a trailer manufacturing enterprise by buying two other companies, "both of which failed in spectacular fashion," according to the suit.
NEWS
By Sarah Peters | June 12, 2012
The Shore House Cafe in Newport Beach has closed, according to sources. The Balboa Peninsula restaurant on Balboa Boulevard and Main Street was first spotted featuring a "for lease" sign on its doors in early June, according to the Orange County Register. The Daily Pilot reported last year that the business had filed for bankruptcy. The Shore House, once part of a regional chain, closed about three weeks ago, said Fountain Valley resident Sarkis Hagopian, who works at a nearby business.
NEWS
By Brianna Bailey and Joseph Serna | April 14, 2010
Newport Beach City Atty. David Hunt, who has been on administrative leave since his March arrest on suspicion of felony spousal abuse, filed for bankruptcy in 2006, court records show. Hunt had taken out three mortgages on his $1.1-million, six-bedroom home in Paso Robles by the time he and his wife filed for Chapter 7 protection in March 2006, according to U.S. Bankruptcy court records. The bankruptcy was related to Hunt’s shuttered law practice in Paso Robles, Newport Beach Councilman Mike Henn said.
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NEWS
By Stuart Pfeifer | March 3, 2014
Newport Beach home builder William Lyon Homes has a history almost as interesting as its founder and namesake. William Lyon flew combat missions in the  Korean War , commanded the Air Force Reserve and was chief executive and chairman of AirCal in the 1980s before selling the regional airline to American Airlines, the Los Angeles Times reported . Known as "the General," Lyon was a key player in the post-war Southern California housing...
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NEWS
By Lauren Williams and Joseph Serna | August 27, 2012
The private investigator who followed Costa Mesa Mayor Pro Tem Jim Righeimer home from a sports bar and called 911 to report him for drunk driving is a Marine veteran, a divorced father and a former police officer who spearheaded a program aimed at helping underage prostitutes, according to public records. Chris Lanzillo, 42, could not be reached for comment Monday, but aspects of his life can be drawn from court and newspaper accounts from the Inland Empire, where he is believed to reside, as well from military records and on Facebook.
NEWS
By Sarah Peters | June 12, 2012
The Shore House Cafe in Newport Beach has closed, according to sources. The Balboa Peninsula restaurant on Balboa Boulevard and Main Street was first spotted featuring a "for lease" sign on its doors in early June, according to the Orange County Register. The Daily Pilot reported last year that the business had filed for bankruptcy. The Shore House, once part of a regional chain, closed about three weeks ago, said Fountain Valley resident Sarkis Hagopian, who works at a nearby business.
NEWS
From staff reports | January 12, 2012
Newport Beach sports agent Leigh Steinberg, whose life story partially inspired "Jerry Maguire," has filed for bankruptcy, according to an email he sent to the Daily Pilot. Steinberg, 62, pens a weekly sports column for the Pilot. He said in his statement that media exposure that harmed his family and chased away clients led to him to seek Chapter 7 protections in federal bankruptcy court. He had been hoping to repay those who had given him loans. Steinberg used to represent a large roster of professional football and baseball players and boxers.
NEWS
By Sarah Peters, sarah.peters@latimes.com | July 1, 2011
NEWPORT BEACH — The Shore House Cafe, a 30-year-old Balboa Peninsula icon, filed for bankruptcy this month, public records show, but is still open for business. Stephen Madoni, a Newport Beach attorney representing Shore House and Chief Financial Officer David Beladonna, called the move a "reorganization," but did not offer further comment. Shore House Cafe Inc. filed for Chapter 11 bankruptcy in U.S. Court, Central District, on June 23, according to court filings reviewed by the Daily Pilot.
NEWS
By Amber Gonzales, dailypilot@latimes.com | April 18, 2011
When John McMonigle posted a question on his Facebook page about how people would be spending the weekend in Orange County, he mostly got responses like going to the beach or attending children's sporting events. But someone posted this reply, which was still posted on Monday morning but had been deleted by the afternoon: "Filing for bankruptcy. How about you?" McMonigle, 46, a Newport Beach real estate agent behind the sale of some of the county's most expensive properties, filed for Chapter 7 bankruptcy Friday to relieve debt from a few more than 200 creditors, according to online federal court records.
NEWS
July 27, 2010
A landmark Harbor Island home sold in bankruptcy court last month, reportedly for $6 million below its asking price. The French Neoclassic mansion, at 18 Harbor Island, sold for $27 million, according to The Wall Street Journal; it was listed at $32.6 million. Best known for its massive flag pole and ornate limestone exterior, the 12,000-square-foot home cannot be missed from the harbor's main turning basin. A Colorado couple in advertising purchased the home from a group of owners led by an apparel executive, The Journal reported.
LOCAL
By Dan Pittman | May 11, 2010
The Orange County Bankruptcy Forum has selected Penelope Parmes, a seasoned partner with Rutan & Tucker, LLP, California’s largest full-service law firm based in Orange County, as the recipient of The Honorable Peter M. Elliott Memorial Award for 2009. The organization’s coveted award honors her for outstanding scholarship, ethics and service to the Orange County bankruptcy community. The award will be presented at a meeting of the Forum planned for April 27. Parmes chairs the firm’s Bankruptcy/Financial Practices Group and represents secured creditors, landlords, buyers and sellers and trade creditors, officers and directors, and others affected by financial insolvency in or outside of a bankruptcy case.
NEWS
By Brianna Bailey and Joseph Serna | April 14, 2010
Newport Beach City Atty. David Hunt, who has been on administrative leave since his March arrest on suspicion of felony spousal abuse, filed for bankruptcy in 2006, court records show. Hunt had taken out three mortgages on his $1.1-million, six-bedroom home in Paso Robles by the time he and his wife filed for Chapter 7 protection in March 2006, according to U.S. Bankruptcy court records. The bankruptcy was related to Hunt’s shuttered law practice in Paso Robles, Newport Beach Councilman Mike Henn said.
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